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Bitcoin's hash rate drops nearly 3-week low as miner balances rise by 8,087 BTC in a week

Protocol Fundamentals
09 Nov 2026, 14:08 WIB
Tokenpost
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Neutral
Bitcoin's hash rate drops nearly 3-week low as miner balances rise by 8,087 BTC in a week

Bitcoin's seven-day average hash rate fell to about 1.027 zettahashes per second, marking a nearly three-week low and a 2.4% decrease from the previous week. Meanwhile, miner-linked Bitcoin balances increased by 8,087 BTC to approximately 1.2021 million BTC, indicating miners are holding more coins. The Puell Multiple, which compares daily BTC issuance value to its yearly average, dropped below 1 to 0.93, suggesting current mining revenue is below its typical benchmark. This data reflects shifts in mining activity and miner behavior that could influence Bitcoin's network and market dynamics.

Bitcoin's hash rate and miner holdings provide context for readers, with Pluang's market data as of Nov 09, 2026 19:03 WIB showing 11 of 50 major cryptocurrencies rose while 38 fell. Among notable movers, XRP traded at Rp19.564 with a 1-day change of -7.33%, ETH at Rp38.231.060 down 5.48%, and XNO at Rp5.604 down 4.22%. The most notable figure is XRP's 62% buy order activity on Pluang.

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